Telegram-herald., 1887-11-13
GEN. BUTLER'S ADVICE
FINANCIAL ReIgs ron YOUNG MEN.

Nothssg 80 safe Ter an Issestsnsxt ss I1-
proved Rsat Est~ts-A slt sf tse Gen
sr@1s AkesEtsnoe- AsrEy frs
deaf. S4slEx oifI-
think that mere ycChg n4ss fsl in the Ia
vsstment OF what thes earn or receive than
IA any other way 10 aequIre property. The
temptations u specUlst tloa are 80 great, snd
the desire 70 beceEls suddenly rich 80 strong,
that believe eight out Of ten, n net more, u
young men are wrecked 81 the very begin
ming.
Wsen young man has very little money
let him buy some property. preferably u
piece. however small, according 10 his mean,
or improved real estate that is paying rent
lie had better bay il when sold at auction,
under judicial sale, paying IN cash what he
can, giving nis notes for tie balance IA small
sums coming due 81 frequently recurring in-
terssls. secured by mortgage on ths prop
erty, and then use eli his extra income IN
paying up those notes. II is always safe 10
discount your own note, and If the notes
come little too fast, as soon as be gets any
thing paid his friends will AID him when
hs is putting his money where il can
not be lost, and where the property is taking
care Of the interest, and ia a very short time
he will find that he has got very consider
able investment. lie Will become interested
in il. save his money 70 meet ms notes, ard
he will directly come into a considerable pos
session Of property, and hardly know how il
came 70 him That is he viii have had a
motive for saving, and will get the result OF
that saving, and will not be tempted u enter
into specnlations
SAFE INVESTMENT.
Nothing is so safe for an investment a. inn
proved real estate Nothing is likely TO grow
in valuefaster. ln the last fifty years 30 per
cent. OF all the merchants and traders in
Boston have failed Ia the last fifty years 80
per cent OF ell the business corporations have
failed or gone out Of business, 50 that their
stock has been wiped out. In the last fifty
years all the improved real estate, on the
average, has paid its interest and taxes and
qusdrupled in value. II young Iasn's father
can give him anything To start him in the
world, lie had better invest it in that way
and let it accumulate, and earn his living,
and he viii be richer than il he had gone into
business Jay Gould is said 10 have started
from a mouse trap seller 20 become million
aire. Assuming that 10 be true, he is only
one OF co., coo of people, and if any young
man thinks that he is going to initiate jay
Gould, there are 90 ,000, 900 Of chances 10 one
that he won't succeed.
The rule would lay down for a young man
is never u do a mean thing for money. Be
prudent and saving Of your money. Be care
full 10 have no interest, account running
against you unless YOU have an equal or
greater interest account running in yoar
favor Work diligently and you are sure OF
a competency III your OH age, and as early as
possible, il YOU can lind saving, prudent
girl who has been brought up by a mother
who knows how TO take care If a house, make
a wife Of her. and she win aid and not hinder
you.
BIT OT ExPERIFNCE.
I claim no originality in TIA sdvice. and
will relate YOU ar incident in my own ex-
perience 70 illustrate L: Ia ~. earliest prac-
tice IL my profession was quite successful in
earning mou-v. ami / had slnall balance IN
Tie lowell bonk, at the head of which was
Mr James c. carney. Tie hal,k was directly
across the hall from my cfflce. | siepped into
the honl5 to deposit ittle money on one oc-
cason, and NJ. Carney said Ia me: why
don, yen invest ,oar money! Invest"
said I Il hav. motrii;. toi-ivss-." "Oh yes"
be SAYS. ''vou hav, quite little sum of
money ard I see that yo,ir Young friends
come with your chcci,s occasionally, evident
IL borrowing IL. Now. yon had better invest
it, "How can / inves- HT invest j. IN
real essaten Il know nothing about real
estate
SEQ TO The first auction and buy the
property. You csAuot be- much cheated IN
that, becausc you VII have 20 give very lit;ls
more than somebody oie wiN be Wiling 10
par for Z, save your money, collect your
fees, pay yoCr notes rs thcy bccome due. Sec
that the prone-' is improved prooertv 80
that tae rent Wi keep Gown your interest a.
count. and when von ses any ot.,ef none: IA
vest IL in i.le same way and ii your notes
press upon you a litllc fssser than Won can paw
theIl. why. We Will. visef, we find that is what
you are doing with your money, discount vour
note and give you iittle more time. 20 that you
can pa mp. This wdl necessitste the prompt
collection Of your biis, Tor | know that you
would rather WORK aiid earn 800 than dun "a
man for j.. unless YOU lave pressing nee,i
for IT, You have Lot even asked for n hals
bin that We owe you in tbe bank. which
shows me rnat you q, not promptly collect
your dues" ! followed the advice and
bought a number Of pieces Of property in
Lowell that came % me ia tnat way ] can
only say that / wish bcd been wise enough
10 have continued this course through life
do not think need 20 extend these sue-
gcstions any further, because n young man
won't mind these be won't any others. ard
,annot suggest any better ones.-Benjamln
T. Butler in New York sun